Deepika Padukone-backed Mokobara gets $6.5M to bolster its R&D verticals
Mokobara has secured $6.5 million in Series A fund round. The startup, which is backed by Bollywood actress, Deepika Padukone, will use the money to bolster its research and design verticals. Mokobara, a D2C baggage business, has secured $6.5 million in a Series A fundraising round headed by Saama Capital and Sauce VC. Alteria Capital, Panthera Peak Ventures, Good Capital, and individual investors such as Varun Alagh of Mamaearth, Ashish Goel of Urban Ladder, the creators of Licious, Ramakant Sharma of LivSpace, Raul Rai of Good Earth, and Chona Family Office took part in the investment round. Mokobara plans to invest the additional funds on research and design. It will use the capital to grow into other categories, increase the team, and open experience centers. Cofounder of Mokobara, Navin Parwal, said the company is building a long-term brand. He said in order to do so, Mokobara has emphasized constructing a secure financial foundation and a business that res...